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Dec 6, 2012
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sti silvia is in frankfurt. how much more down beat might they be about 2013 and what are the policy implications of that? >> that's exactly the sort of million euro-dollar yen or whatever question. if they go significantly below the 0.5, let's say below 0.3 closer to the flat line, i think the chances rise exponentially that we'll see another rate cut in january, maybe february, but sometime in the first quarter. if they stay close to the 0.5%, then maybe we can keep rates on hold as it is. bottom line is the rates where they are, it doesn't make an awful lot of did i have any more in terms of boosting the economy. let's face it, if somebody really has a refinancing costs that are close to where we are at the moment or in the real economy, real interest rates are often enough even below the 0.75%, that complaian't be the breaker other maker. i think it's the confidence that needs to return to the economy and to the markets. and that's of course very tight rope act for the monetary policy. the big game changer i
sti silvia is in frankfurt. how much more down beat might they be about 2013 and what are the policy implications of that? >> that's exactly the sort of million euro-dollar yen or whatever question. if they go significantly below the 0.5, let's say below 0.3 closer to the flat line, i think the chances rise exponentially that we'll see another rate cut in january, maybe february, but sometime in the first quarter. if they stay close to the 0.5%, then maybe we can keep rates on hold as it...
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Dec 7, 2012
12/12
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google stock in frankfurt down 0.4%. and after several days of public pronouncements and posturing, budget talks have privately resume between the staff of john boehner and the white house. this breaks a near week long silence between the two sides as the deadline to avoid the fiscal cliff looms. president obama and boehner spoke by phone on wednesday and promised to renew the negotiations. hurricane sandy expected to put a big dent in the u.s. jobs report out at 8:30 eastern. nonfarm payrolls are forecast to have risen just 80,000, versus 171,000 in october. it would be the smallest job growth in five months. sandy which truck strustruck at of october battered the east coast, but economists expect a snap back in december. unemployment forecast to hold steady at 7.9%. and besides the jobs report, other items on the agenda in the united states, two other pieces of economic data, the first is the read on december consumer sentiment, due out at 9:55 eastern. forecasts call for sentiment to slip to 82 this month down nearly
google stock in frankfurt down 0.4%. and after several days of public pronouncements and posturing, budget talks have privately resume between the staff of john boehner and the white house. this breaks a near week long silence between the two sides as the deadline to avoid the fiscal cliff looms. president obama and boehner spoke by phone on wednesday and promised to renew the negotiations. hurricane sandy expected to put a big dent in the u.s. jobs report out at 8:30 eastern. nonfarm payrolls...
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Dec 12, 2012
12/12
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we have more from frankfurt. patricia, should european watchers take heart here that perhaps the rebalancing, the increase in wage that they've been looking to see in germany is taking place? >> reporter: step pie step, that's for sure. i not the key point here is -- i think the key point here is it is about public workers and the gap between the income in public workers and private workers is huge. an increase of 6.5% sounds like a lot especially looking at the latest cpi data, up 1.9% on a year-to-year basis for november. there would be quite a bit of additional income. however, the thing is falling. for now the german economy seems to be standing. however, how this is going to map out in 2013, a lot of economists at loggerheads whether we're going to have a slowdown, whether it's going to be stagnating, or whether germany's going to continue to be the driving engine of the eurozone which in itself is in recession. a question mark here is, of course, disposable income given to the private and the public sector.
we have more from frankfurt. patricia, should european watchers take heart here that perhaps the rebalancing, the increase in wage that they've been looking to see in germany is taking place? >> reporter: step pie step, that's for sure. i not the key point here is -- i think the key point here is it is about public workers and the gap between the income in public workers and private workers is huge. an increase of 6.5% sounds like a lot especially looking at the latest cpi data, up 1.9%...
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Dec 18, 2012
12/12
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also, we'll head out to frankfurt where do you have ya mark may have dodged another bullet. >>> then it's over to hong kong. aig sells its remaining stake in aia and formally ends a partnership dating back 100 years. all of that straight ahead. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ecember 22nd for christmas delivery. >>> the latest numbers out of china, in the first 11 months, foreign investments led. investment from the u.s. did pick up. . on the equity front, the shanghai composite has been powering ahead up over 9% just this month. with external factors impeding economic growth, the long-term pir r picture may not be rosy. china is the only market of the year likely to end the year in the red. how is that going to impact next year? >>> buying and selling chinese stocks these days requires some spiritual guidance. people are trying to keep calm as the main stock market hovers at a near four-year low. >> i've be
also, we'll head out to frankfurt where do you have ya mark may have dodged another bullet. >>> then it's over to hong kong. aig sells its remaining stake in aia and formally ends a partnership dating back 100 years. all of that straight ahead. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ecember 22nd for christmas...
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Dec 5, 2012
12/12
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boeing's stock in frankfurt pretty minor. >>> we're getting spanish auction results out. they've sold two billion of of the 2015 bond. the yield lower from november 22nd. they've sold one billion of july 2019. the yield on that slightly higher. we have one other issue as well. and they've sold 1.12 billion after january 2000. i'm waiting for the yield on that. it was 2.1 last time around. demand for that fairly okay. maximum yield, 5.3 versus 5.46. so by and large, not a bad auction. yield observe two of those issues lower. bid to cover is okay. and they've raised the amount they were searching for as well. so this is all prefunding now for 2013. so spain trying to get ahead of game. big issuance and redemptions next year. >>> in india, we're expecting a big battered parliament for retail reforms. the latest from new delhi. what kind of battle is it going to be? >> it's going to be a tough battle for the government here as it tries to push forward. currently we've got a heated discussion in the lower house of parliament. this matter will have to be discussed, debated and
boeing's stock in frankfurt pretty minor. >>> we're getting spanish auction results out. they've sold two billion of of the 2015 bond. the yield lower from november 22nd. they've sold one billion of july 2019. the yield on that slightly higher. we have one other issue as well. and they've sold 1.12 billion after january 2000. i'm waiting for the yield on that. it was 2.1 last time around. demand for that fairly okay. maximum yield, 5.3 versus 5.46. so by and large, not a bad auction....
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Dec 27, 2012
12/12
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marvell shares were down 15% in frankfurt today. you can see investors are not sure they'll be able to appeal that one. shareholders could face high losses, but the so-called frob does not specify just how much the equity would be diluted. it is expected to inject 18 billion euros into bfa before the end of the year. but, wow, down 13% there. when you're talking about 60 cents, it probably doesn't take too much. eu leaders recently agreed on a european banking union could would make the ecb the single supervisors for european banks. stephane pedrazzi caught up with the former president of the ecb, jean-claude trichet and asked if he was happy with the plan. i think as you'll remember, it was decided because after a certain moment, the idea that the fund could directly recapitalize the banks appears to be in a proper tool to have in the management crisis. there has been a reverse feedback loop. so, of course, if you decide to capitalize directly, you have to survey from the center and now at the national level. i think the decision w
marvell shares were down 15% in frankfurt today. you can see investors are not sure they'll be able to appeal that one. shareholders could face high losses, but the so-called frob does not specify just how much the equity would be diluted. it is expected to inject 18 billion euros into bfa before the end of the year. but, wow, down 13% there. when you're talking about 60 cents, it probably doesn't take too much. eu leaders recently agreed on a european banking union could would make the ecb the...
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Dec 17, 2012
12/12
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shares just fractionally higher in frankfurt trade, up 0.06%. but it was really rough after the same-store sales showing they're under pressure to use some of these targets to make their target. >> everybody goes, oh, in mcrib. >> are you having a craving? >> does it makes you think about getting something else? >> do they have it at the mcdonald's here? good question. we will find out after the show. we're going to mcdonald's. >> we'll find out whether it's on the menu. still to come, the traditional christmas rally may be on stand by. the clock ticks towards the fiscal cliff deadline. >> will investors keep a close eye on washington this week? you bet. we'll preview the trading day when we come back. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> japan's prime minister election shinzo abe is putting the heat on the boj just one day after his party's huge win and two days before
shares just fractionally higher in frankfurt trade, up 0.06%. but it was really rough after the same-store sales showing they're under pressure to use some of these targets to make their target. >> everybody goes, oh, in mcrib. >> are you having a craving? >> does it makes you think about getting something else? >> do they have it at the mcdonald's here? good question. we will find out after the show. we're going to mcdonald's. >> we'll find out whether it's on the...
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Dec 28, 2012
12/12
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they're up .75% in frankfurt trade. >>> time is running short to avoid a possible strike as more than a dozen ports along the u.s. east and gulf coast stretching from maine to texas. more than 14,000 long shoremen could walk off the job when their contract expires on saturday in a long running pay despite for shippers. the biggest shipping point is over container royalties which are paid to union workers based on cargo weight. a strike could hurt u.s. exports, factories and affect retailers waiting for shipments of spring merchandise. >> noise of flights have been canceled in the u.s. northeast as a powerful winter storm has brought heavy snow and winds across the region. over a dozen people have reportedly been killed as a result of the storm. joining us now for more from the weather channel is reynolds wolf. he is a meteorologist. reynolds, what can you tell us about this storm? and just how much more people might need to brace for? >> well, i've got some very good news for you, some bad news. the good news that we have for su that storm system is dying out. that's the good news. so
they're up .75% in frankfurt trade. >>> time is running short to avoid a possible strike as more than a dozen ports along the u.s. east and gulf coast stretching from maine to texas. more than 14,000 long shoremen could walk off the job when their contract expires on saturday in a long running pay despite for shippers. the biggest shipping point is over container royalties which are paid to union workers based on cargo weight. a strike could hurt u.s. exports, factories and affect...
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Dec 14, 2012
12/12
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united tech is down about 1.5% in frankfurt trade this morning. >>> a big block of facebook shares could hit the market today asset another lockup period expires. ceo mark zuckerberg is not included in that group and says he won't sell my more shares until next september. shares are up 40% two% now in yesterday's trade along. quick peak of the agenda today, cpi. we'll get the december market flash u.s. pmi. 15 minutes after that, it's november industrial production. >>> the dow is looking to add about 39 points at the open, a similar magnitude of gains. for more on what to expect today, we're joined by todd horwich. todd, we'll seen a stealth rally here. is there just not a lot of conviction out there? where is the santa rally? >> good morning, kelly. i think santa showed up early this year off the bounds of november. you know, we rallied nicely right into a solid resistance level on the s&p base is 1430, dow 133. i would be surprised if we're able to pen tate these areas now. we had such a big rally. the fed delivered on the market expectations. everything that was supposed to happen ha
united tech is down about 1.5% in frankfurt trade this morning. >>> a big block of facebook shares could hit the market today asset another lockup period expires. ceo mark zuckerberg is not included in that group and says he won't sell my more shares until next september. shares are up 40% two% now in yesterday's trade along. quick peak of the agenda today, cpi. we'll get the december market flash u.s. pmi. 15 minutes after that, it's november industrial production. >>> the...
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Dec 20, 2012
12/12
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apple shares are adding aboabou about .2% in frankfurt trade. samsung down .8% on korean trade today. >>> google has struck a deal to sell motorola cable top business to a eer is. google has been more focused on revamping the company's struggling mobile unit. take a look at google trade. >>> bernie madoff's younger brother will be sentenced today for his role in the multibillion dollar ponzi scheme. peter was a chief compliance officer at the firm. he pleaded guilty in june to several charges, including security fraud and falsifying records. he faces up to a year in prison. although letters from dozens of friends and family members and business acquaintances were filed earlier this week asking the judge for leniency. >>> european markets are mixed. adding about 10% despite weaker retail sales figures. it will note a jump in tablet sales around the holidays. for the most part, the rest are flat to slightly lower. and let's take a look at what's on the agenda today in the u.s. weekly jobless claims are out at 8:30 a.m. eastern. at 8:30, we get the
apple shares are adding aboabou about .2% in frankfurt trade. samsung down .8% on korean trade today. >>> google has struck a deal to sell motorola cable top business to a eer is. google has been more focused on revamping the company's struggling mobile unit. take a look at google trade. >>> bernie madoff's younger brother will be sentenced today for his role in the multibillion dollar ponzi scheme. peter was a chief compliance officer at the firm. he pleaded guilty in june to...
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Dec 3, 2012
12/12
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eurozone banks -- i suppose can they lean on eurozone banks to move their trading floors to paris and frankfurt. i don't know. >> that's true. and the fact is with currency, it's not just about trading the euro, it's what you trade on the other side, as well. london is the center for fx liquidity. that's the way it is. so the direction of things is not favoring anybody moving their trading floors towards mainland europe. >> fair enough. so what happens to the euro? we're sort of near a range high here at the moment. and how much problems are there going to the at 1.3050? >> it's an interesting level. 1.3080, as well. a lot of this will depend on what we get this week on fiscal cliff negotiations. risk appetite is really be holden to that at the moment. and the reality is we're more likely to see congress delay another week or two before they really get going on the negotiations just before christmas. and so against that kind of backdrop, euro-dollar may struggle to break higher and definitely to break lieuthrough 1.31. >> adam, you're in washington. how do you view fiscal cliff discussions? >>
eurozone banks -- i suppose can they lean on eurozone banks to move their trading floors to paris and frankfurt. i don't know. >> that's true. and the fact is with currency, it's not just about trading the euro, it's what you trade on the other side, as well. london is the center for fx liquidity. that's the way it is. so the direction of things is not favoring anybody moving their trading floors towards mainland europe. >> fair enough. so what happens to the euro? we're sort of...
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Dec 19, 2012
12/12
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look at london, paris, italy, frankfurt, and spain. green arrows across the board. the euro off its highs of the session but at one point was above $1.33. british banks look particularly appealing here, due in part to signs of resilience in u.k. gdp growth. so we've had the european close. meantime, bob joins me here at post nine with a look at not just europe but what we're doing here state side. >> sort of moving sideways and consolidating. a little news on night capital. just got off the phone with tommy joyce, who is now the executive chairman. take a look at night here. remember the deal. they've sold. they sold to geico here. a rather complicated deal. a two-to-one cash to ratio stock. again, i did talk to tommy. he said he'll be working there on a daily basis. none of these absent chairman things. he's going to be a hands-on guy. certainly a relief to everyone. everyone wants tommy joyce involved in their business. dan coleman will be spending half his time in chicago and half his time in jersey city. very interesting dynamic going on here. sort of a working
look at london, paris, italy, frankfurt, and spain. green arrows across the board. the euro off its highs of the session but at one point was above $1.33. british banks look particularly appealing here, due in part to signs of resilience in u.k. gdp growth. so we've had the european close. meantime, bob joins me here at post nine with a look at not just europe but what we're doing here state side. >> sort of moving sideways and consolidating. a little news on night capital. just got off...
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Dec 3, 2012
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we have some 52-week highs in both paris and frankfurt. we'll see how they closed out the session. talk about the impact here this afternoon in just a moment. >>> we're going to talk about european stocks for sure. but we're also going to talk about kate middleton officially pregnant. i mean that, is the news of the day. >> oh, yes. well, for many in britain it will be. kate middleton is pregnant. markets overall today really positive tone emerging in europe. not just from the equities but the bonds and importantly the comments. let's just check out where we are at the european close. first of the week, first of the month. >> the european markets are closing now. >> in fact, we were doing much better than that on those two pieces of data coming out of china that manufacturing was improving and you had the spanish market up 1%, italians more. we have cut that because of what has happened in the united states the ability to get leverage higher. the big news in europe, apart from kate middleton's pregnancy, the fact that the greek debt buyback process is beginning, it's going to be a
we have some 52-week highs in both paris and frankfurt. we'll see how they closed out the session. talk about the impact here this afternoon in just a moment. >>> we're going to talk about european stocks for sure. but we're also going to talk about kate middleton officially pregnant. i mean that, is the news of the day. >> oh, yes. well, for many in britain it will be. kate middleton is pregnant. markets overall today really positive tone emerging in europe. not just from the...